What is MyEtherWallet and How to Use It

If you want to store your Ethereum, Ether Classic, and other ERC-20 tokens securely, then it’s important to know how to create an offline wallet. An offline wallet keeps your tokens safe from hackers, malware, and other malicious activities. MyEtherWallet is one of the most popular options for creating an offline wallet. Let’s look at the step-by-step instructions on how to create an offline myetherwallet that will provide maximum security for your tokens.

Downloading & Installing MyEtherWallet

The first step in creating an offline wallet is downloading and installing MyEtherWallet (MEW). MEW can be downloaded from the official website where you’ll also find detailed instructions for installation or you can download it directly from GitHub. Once you’ve downloaded the file, extract and install it in a secure folder like your Documents folder or on a USB drive.

Connecting Your Computer & Printer Offline

Once MEW is installed, you’ll need to connect both your computer and printer offline so that no one else can access your information during this process. You can disconnect from the internet by unplugging the router or by disabling Wi-Fi on your computer.  It’s also important that you make sure that all of your anti-virus/malware software is up-to-date before continuing with this process. The last thing you want is for someone else to have access to your sensitive information while you’re trying to protect it!

Generating Your Wallet Address & Private Key 

Now that everything is set up and secure, it’s time to generate your wallet address and private key with MEW. To do this, simply open the downloaded MEW file on your computer in a text editor (the default text editor should be fine). Once opened, select “Generate Wallet” from the menu bar and follow the instructions provided by MEW. This will generate both a public and private key which must be printed out for maximum security; if not printed out they are vulnerable if left in digital form only! 

When printing out these keys, make sure you’re doing so on a secure printer; someone could potentially intercept any data sent over wireless networks or gained through physical access of shared printers! Once printed out securely, keep them safe in a secure place such as a fireproof safe or lockbox away from prying eyes!  Additionally, because paper degrades over time—it’s important that they get replaced every few years just in case something happens!  Creating an offline wallet with MyEtherWallet requires several steps but following these steps carefully will ensure optimal security for all of your ERC-20 tokens stored within it! Having said that—be sure to take extra precautions when generating and printing out both public and private keys as these are incredibly sensitive pieces of information! Last but not least—remember that there’s no 100% guarantee when it comes to protecting yourself online—so always stay vigilant! With just a little bit of extra care taken here—you can rest assured knowing that all of your tokens are safe within an offline wallet created with MyEtherWallet!